Common use of Death of Retired Early Employee Clause in Contracts

Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly cash payments payable to him as a Retired Early Employee under Paragraph 6(b)(i) above, the Banks shall pay to the Executive’s spouse, or if the Executive leaves no spouse, to the estate of the Executive, one (1) lump sum payment in an amount equal to the

Appears in 3 contracts

Samples: Employment Agreement Employment Agreement (Arrow Financial Corp), Employment Agreement Employment Agreement (Arrow Financial Corp), Employment Agreement Employment Agreement (Arrow Financial Corp)

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Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly cash payments payable to him as a Retired Early Employee under Paragraph 6(b)(i) above, the Banks Bank shall pay to the Executive’s spouse, or if the Executive leaves no spouse, to the estate of the Executive, one (1) lump sum payment in an amount equal to the

Appears in 1 contract

Samples: Employment Agreement Employment Agreement (Arrow Financial Corp)

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